GAAP accounts definition

GAAP accounts means accounts drawn up in accordance with generally accepted accounting practice,
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Examples of GAAP accounts in a sentence

  • It seems likely that the approach taken for prudential reporting will be closely related to that used for reporting in GAAP accounts but with an extra degree of prudence.

  • This program will be funded with Title IA grant funds, appropriated from GAAP accounts 20-231-100-100; 20-231-200-100.

  • The existing UK system of CT based on GAAP accounts is long established and well understood.

  • Engineering incomes are registered as other revenues in BE GAAP accounts (below).

  • Even where specific sets of taxing provisions exist such as the loan relationships and derivatives code the way in which the profit or loss on a loan or an interest rate swap is taxed generally follows the treatment in the company's GAAP accounts and departures from this remain the exception rather than the norm.

  • US GAAP requires that the trade receivable reserves be presented in the consolidated financial statements as follows: Trade receivables 568,707 422,672 Allowance for doubtful accounts (500 ) (1,000 ) Trade receivables, net 568,207 421,672 [e] Accounts payable and accrued liabilities comprise:Under Canadian GAAP, accounts payable and accrued liabilities are presented in the consolidated financial statements on an aggregated basis.

  • In the Irish GAAP accounts, the total fraud losses, US$691.2 million, and costs estimated at US$10 million less the reversal of an incentive accrual of US$6 million, were charged as an exceptional item in 2001 at the exchange rate prevailing on December 31, 2001.

  • If a cash contribution, the Board resolution will also establish GAAP account(s) in the amount of the funds received.3. After the Board has acknowledged the donation or approved the resolution at a public meeting, the GAAP account(s) for cash contributions will be entered into the computer system and the person responsible for expenditure of the funds will be notified.

  • If a cash contribution, the Board resolution will also establish GAAP account(s) in the amount of the funds received.

  • Teams are sensitive to power dynamics and causes of tension in society, diffusing where possible.

Related to GAAP accounts

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Management Accounts means the unaudited balance sheet of the Seller as at the Management Accounts Date and the unaudited statements of profit and loss of the Seller for the period commencing from 1st January 2007 and ended on the Management Accounts Date prepared in accordance with US GAAP and in a manner consistent with past practice, copies of which are annexed hereto as Exhibit B.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s). 1.2 Interpretation 1.2.1 References to Lenders’ Representative shall, unless repugnant to the context or meaning thereof, mean references to the Lenders’ Representative, acting for and on behalf of Senior Lenders. 1.2.2 The words and expressions beginning with capital letters and defined in this Agreement shall have the meaning ascribed thereto herein, and the words and expressions used in this Agreement and not defined herein but defined in the Development Agreement shall, unless repugnant to the context, have the meaning ascribed thereto in the Development Agreement. 1.2.3 References to Clauses are, unless stated otherwise, references to Clauses of this Agreement. 1.2.4 The rules of interpretation stated in Clauses 1.2, 1.3 and 1.4 of the Development Agreement shall apply, mutatis mutandis, to this Agreement.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Audited Accounts means the audited accounts of the Company and of each of the Subsidiaries and the audited consolidated group accounts of the Group for the financial period ended on the Balance Sheet Date;

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Collection Accounts As defined in Section 3.10(a).

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Locked Box Accounts means the unaudited, aggregated balance sheet of the Group as at the Locked Box Date, in the agreed form;

  • Separate Accounts means the accounts which are to be prepared for each

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • Financing Accounts means, collectively, the Credit Account and the Grant Account (or, where the context so requires, either of the Credit Account or the Grant Account).”

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.